We ended the prior week with Bitcoin struggling to stay above $7k. The lowest it reached was $7040 on Bitfinex. Sellers however were exhausted at that level and the rest of the week saw Bitcoin and the entire crypto market rising nearly 9%. This was a huge relief for Bitcoin bulls who were stuck in a downward channel that we had been monitoring for the last 2 weeks. Was that the Bitcoin bottom? That is anyone’s guess. Traders need to be in the business of trading their setups and trading plans. Calling tops and bottoms is what get’s portfolio destroyed. Apart from Bitcoin this week, there were several other pieces of news that were the focus.
